Check Out 3 High-Yielding Dividend Stocks In Tech And Telecom Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
The article discusses three high-yielding dividend stocks in the tech and telecom sector, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Cogent Communications Holdings, Inc. (CCOI) has a dividend yield of 5.74% and received mixed ratings from Keybanc and JP Morgan analysts. The Interpublic Group of Companies, Inc. (IPG) offers a 4.16% dividend yield, with Citigroup and Morgan Stanley analysts providing their ratings. Nexstar Media Group, Inc. (NXST) has a 3.67% dividend yield, with Rosenblatt and Benchmark analysts reiterating Buy ratings. The article also mentions recent news for each company, including Cogent's wider-than-expected Q3 loss, Interpublic's mixed Q3 results, and Nexstar's Q3 revenue decline.
November 17, 2023 | 1:32 pm
News sentiment analysis
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NEGATIVE IMPACT
Cogent Communications has a high dividend yield of 5.74%. Analysts from Keybanc and JP Morgan have differing views, with a recent wider-than-expected Q3 loss reported.
The mixed analyst ratings and recent wider-than-expected Q3 loss could lead to negative sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Interpublic Group offers a 4.16% dividend yield. Citigroup and Morgan Stanley analysts have provided recent ratings, and the company reported mixed Q3 financial results.
The mixed Q3 results and varied analyst ratings may create uncertainty, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Nexstar Media Group has a dividend yield of 3.67%. Both Rosenblatt and Benchmark analysts reiterate Buy ratings despite a Q3 revenue decline.
Positive analyst ratings may balance out the impact of the Q3 revenue decline, leading to a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75